Power of inspection by the Reserve Bank: authorised officers may verify records and compel production of documents. The Reserve Bank may inspect an authorised person's books, accounts and other documents only through an officer specially authorised in writing, to verify furnished statements, obtain withheld particulars, or secure compliance with the Act and subordinate instruments. Every authorised person, and where applicable its directors, partners or officers, must produce requested books, accounts and documents and furnish statements or information as the inspecting officer directs within the prescribed time and manner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power of inspection by the Reserve Bank: authorised officers may verify records and compel production of documents.
The Reserve Bank may inspect an authorised person's books, accounts and other documents only through an officer specially authorised in writing, to verify furnished statements, obtain withheld particulars, or secure compliance with the Act and subordinate instruments. Every authorised person, and where applicable its directors, partners or officers, must produce requested books, accounts and documents and furnish statements or information as the inspecting officer directs within the prescribed time and manner.
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